Family Foundation Fund
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$301,000.00
Projected Expenses
$260,186.36
Organizational Budgets and Other Documents
IRS Letter of Exemption
| family foundation fund irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $333,979.00 | $331,336.00 | $322,029.00 |
| Total Expenses | $292,892.00 | $317,539.00 | $289,056.00 |
| Revenue Less Expenses | $41,087.00 | $13,797.00 | $32,973.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $308,016.00 | $318,057.00 | $353,256.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $22,920.00 | $10,612.00 | $-32,992.00 |
| Investment Income, Net of Losses | $2,183.00 | $2,667.00 | $1,765.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $1,800.00 | $0.00 | $0.00 |
| Other | $860.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $187,164.00 | $198,491.00 | $166,203.00 |
| Administration Expense | $79,314.00 | $90,355.00 | $94,650.00 |
| Fundraising Expense | $26,414.00 | $28,693.00 | $28,203.00 |
| Total Revenue/Total Expenses | 114% | 104% | 111% |
| Program Expense/Total Expenses | 64% | 63% | 57% |
| Fundraising Expense/Contributed Revenue | 9% | 9% | 10% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $308,016.00 | Contributions, Gifts, and Grants $318,057.00 | Contributions, Gifts, and Grants $353,256.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $22,920.00 | Program Revenue $10,612.00 | Investment Income $1,765.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $2,183.00 | Investment Income $2,667.00 | Program Revenue $-32,992.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $241,064.00 | $214,067.00 | $245,411.00 |
| Current Assets | $1,969,920.00 | $160,175.00 | $223,412.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $27,375.00 |
| Current Liabilities | $29,470.00 | $43,560.00 | $61,326.00 |
| Total Net Assets | $211,594.00 | $170,507.00 | $156,710.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Like many non-profits, the main problems we face are funding and sustainability for our programs. Knowing that the economy, in regards to charitable donations, is constantly in a downward slope we rely on ingenuity to aid us in our goal of becoming more self sustainable. The Family Foundation Fund (FFF) is expanding our revenue sources through our relationships with various entities of Middle Tennessee.We've recently established a CSA through our organic garden at Son Farm, to help underwrite the expenses of the farm and entrepreneurship training program. We also continue to host receptions to invite future partners to be introduced to FFF. We also utilize media and networking channels to improve our visibility in the Nashville community. Our annual 5k Run/Walk for Family and Fatherhood continues to grow each year. This year's event was expanded into the 'Fatherhood Games'. It was held on fathers day weekend and we raised nearly $120,000 for our programs. |
Foundation Staff Comments
| Financials taken from Form 990. Foundations and Corporations are included with Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financials completed by HA Beasley and Company PLLC. Comments provided by Hayley Sulfridge 9/29/23. |
